Form Ia 1120 - Iowa Corporation Income Tax Return - Long Form - 2012

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OFFICE USE ONLY

Iowa Department of Revenue

2012 IA 1120

Iowa Corporation Income Tax Return - Long Form

STEP 1

From____/____/____to____/____/____

Postmark

Check the box if:

Name/Address Change

Short Period

Corporation Name and Address

FEIN:

Business Code:

County No.:

Is this a first or final return? If yes, check the appropriate box.

First Return

New Business

Successor

Entering Iowa

Final Return

Reorganized

Merged

Dissolved

Name of contact person: _____________________________

Phone No.: (_____) _______ - ___________

Withdrawn

Bankruptcy

Other__________

STEP 2 Filing Status

Filing Status:

Separate Iowa/Separate Federal

Separate Iowa/Consolidated Federal

Consolidated Iowa/Consolidated Federal

Type of Return:

1 Regular Corporation

2 Cooperative

3 UBIT

Is this an inactive corporation? ................................................

Yes

Was federal income or tax changed for any prior period(s)?..

Yes

No Period(s)_____________________________

Do you have property in Iowa? ................................................

Yes

USE WHOLE DOLLARS

STEP 3

1. Net Income From Federal Return before Federal Net Operating Loss .......................................................................... 1 ___________________ L

Net Income

2. 50% of Federal Tax Refund ..............

Accrual

Cash

...................................................................................... 2 ___________________ L

& Additions

3. Other Additions from Schedule A ...................................................................................................................................... 3 ___________________ L

to Income

4. Net Income After Additions. Add lines 1 through 3. ......................................................................................................... 4 ___________________

STEP 4

5. 50% of Federal Tax Paid or Accrued ...

Accrual

Cash L .............................. 5 ___________________ L

Reductions

6. Other Reductions from Schedule A ............................................................................... 6 ___________________ L

to Income

7. Total Reductions. Add lines 5 and 6. ................................................................................................................................. 7 ___________________

8. Net Income After Reductions. Su b t r a c t line 7 from line 4. ............................................................................................. 8 ___________________

STEP 5

9. Nonbusiness Income from Schedule D, line 17 ................................................................................................................ 9 ___________________ L

Taxable

10. Income Subject To Apportionment. Subtract line 9 from line 8. ...................................................................................... 10 __________________

Income

11. Iowa Percentage from Schedule E. (See instructions). ................................................................................................... 11 ________________ L %

12. Income Apportioned to Iowa. Multiply line 10 by line 11. ................................................................................................ 12 __________________

13. Iowa Nonbusiness Income from Schedule D, line 8 ......................................................................................................... 13 __________________ L

14. Income Before Net Operating Loss. Add lines 12 and 13. .............................................................................................. 14 __________________

15. Net Operating Loss Carryforward from Schedule F ......................................................................................................... 15 __________________ L

16. Income Subject to Tax. Subtract line 15 from line 14. Do NOT enter an amount below $0. ......................................... 16 __________________

STEP 6

17. Computed Tax (For tax rates, see bottom of page 3.) Check box if tax is annualized

............................................ 17 __________________ L

Tax,

18. Alternative Minimum Tax from page 4, Schedule IA 4626. Check if claiming small business exemption

.............. 18 __________________ L

Credits,

19. Total Tax. Add lines 17 and 18. ........................................................................................................................................ 19 __________________

and

20. Credits from Schedule C1, line 4. Do not include estimated tax credit. .................... 20 __________________ L

Payments

21. Payments from Schedule C2, line 4. ............................................................................ 21 __________________ L

22. Total Credits and Payments. Add lines 20 and 21. ......................................................................................................... 22 __________________

23. Net Amount. Subtract line 22 from line 19. ...................................................................................................................... 23 __________________

STEP 7

24. Tax Due if line 23 is greater than $0 ................................................................................................................................ 24 __________________

Balance

25. Penalty (Underpayment of Estimated Tax) Attach IA 2220. ........................................................................................... 25 __________________ L

Due

26. Penalty (Failure to Pay or Failure to File) ........................................................................................................................ 26 __________________ L

27. Interest ................................................................................................................................................................................ 27 __________________ L

28. Total Amount Due. Add lines 24 through 27. Make check payable to “Treasurer, State of Iowa” .................... 28 __________________ L

STEP 8

29. Overpayment if line 23 is less than $0 ............................................................................................................................. 29 __________________

Over-

30. Credit to Next Period’s Estimated Tax ............................................................................................................................. 30 __________________ L

payment

31. Refund Requested. Subtract line 30 from line 29. ....................................................................................................... 31 __________________ L

A complete copy of your federal return, as filed with the Internal Revenue Service, MUST be filed with this return.

For filing status 2 or 3, you must attach pages 1-5 of your consolidated federal return, consolidating income statements,

Iowa Schedule H, and any other forms related to the Iowa return.

42-001a

(08/17/12)